Bombay Stocks Swoon Again
The Sensex posts a big drop for the fifth time in six sessions.
The Sensex posts a big drop for the fifth time in six sessions.
BOMBAY -- The Bombay stocks returned to their losing ways Monday, dropping 3.4%.
The Sensex index dropped 334 points to close at 9,476. The index is now down 23% in a month and has lost ground in five of six trading sessions, with the lone exception of Friday's 5.5% rally.
Big losers Monday were
Bajaj Auto
, which lost 7.1%,
BHEL
, down 6.9%,
HDFC
, down 6.8%, and
ICICI Bank
(IBN) - Get Report
, off 5%.
The only gainer was
Dr Reddy's Labs
(RDY) - Get Report
, which moved up 0.8%.
Larsen & Toubro
dropped 2.9% despite an order for the Bisalpur water supply project.
Ashok Leyland
dipped 2.7% even as it reported plans for the Malaysian market.
This story was created through a joint venture between TheStreet.com and IRIS.
